ECB warns of fraudsters using its name to invite people to invest in a digital euro "pilot project"
On 4 November the European Central Bank (ECB) issued a warning on its website about a digital euro scam (Notícias ao Minuto). Fraudsters are sending fake letters in the ECB's name, inviting people to take part in a digital euro "pilot project" and put money into it, and promising high returns with no risk at all (Observador).
The ECB points out that it does not offer any investments linked to the digital euro and does not ask people for money for such projects. The digital euro is designed as electronic money for everyday payments, not as an investment.
If you receive a letter like this, do not reply, do not transfer any money and do not give out any personal or bank details.
If you have already sent money, the ECB advises you to report it to the police (Jornal Económico). Our guide explains where to report fraud in Portugal and how to try to get your money back through your bank: How to spot fraud in Portugal and try to get your money back.
